Date: 18-Mar-2024
Rating: Buy - Positional Trade
LTP: Rs. 392.75
Targets: Rs. 475
SL: Rs. 365
Technical View:
•
TATAPOWER is in its primary uptrend since Oct-2023.
• After touching a life time high of 433 on 7-Mar-2024, it has retraced up to 16% to 365 level.
•TATAPOWER has broke out from its secondary down trend on 18-Mar-2024.
• RSI is at 53.83 and MACD is at 4.85. Both are indicating good momentum and strength to move the price up.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy - Positional Trade
LTP: Rs. 392.75
Targets: Rs. 475
SL: Rs. 365
Technical View:
•
TATAPOWER is in its primary uptrend since Oct-2023.• After touching a life time high of 433 on 7-Mar-2024, it has retraced up to 16% to 365 level.
•
TATAPOWER has broke out from its secondary down trend on 18-Mar-2024.• RSI is at 53.83 and MACD is at 4.85. Both are indicating good momentum and strength to move the price up.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Trade closed manually
7-May-2024--------------
Broke down the secondary trend line. Both RSI and MACD are giving bearing view. Closing the call to book profit.
LTP: 436.40
P&L: +11%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.